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Question - Calculating Exchange Rates - Assume the foreign exchange selling rates shown below for a few selected currencies:
Country/(Currency)
U.S. $ Equivalent
Australia (dollar)
0.7678
Britain (pound)
1.3730
Canada (dollar)
0.7843
Hong Kong (dollar)
0.1290
India (rupee)
0.0137
Chile (peso)
0.0014
Japan (yen)
0.0095
Mexico (peso)
0.0498
Israel (shekel)
0.3041
Singapore (dollar)
0.7493
Thailand (baht)
0.0333
(Euro)
1.2040
Required - Calculate the number of the following foreign currencies that can be bought with 1 million U.S. dollars.
a. British pounds
b. Indian rupees
c. Japanese yen
d. Australian dollars
e. Mexican pesos
f. Israeli shekels
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